Yesterday was a good session for the American indices. The S&P 500 was the strongest one, the price rose above the R1 resistance level and 4350. NASDAQ 100 and the Dow Jones Industrial Average also went up a bit. However, all three of them are falling heavily today. From the data front, weekly initial jobless claims will be published. Anyway, let’s start the analysis, S&P 500 first:
S&P 500
Yesterday was a good bullish session for the S&P 500. The price set the new all-time high and finished the session above the R1 resistance level and 4350. However, the price is falling heavily today. Right now the bears are attacking the S2 support level. If they do it successfully, the price could even drop to 4300 today. But if the buyers generate some serious appetite, the price might return to the EMA 200.
NASDAQ 100
NASDAQ 100 rose a bit and set the new all-time high yesterday. The price finished the session above 14800. However, it is going down heavily today. Right now the bears are getting close to the S2 support level. If the buyers don’t generate some serious appetite soon, the price could even fall to 14500 today. But if they do, the price might return above the S1.
Dow Jones Industrial Average
The DJIA index also went up yesterday. The price rose above the EMA 200. However, it is falling heavily today. Right now, the price is significantly below the S2 support level. If the buyers don’t generate some serious appetite soon, the price could even fall below 34000 today. But if they do, the price might return above the S1.
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